ALL POSTS FILED UNDER: COLLAPSED BANKS

Collapsed Banks still keeping 93% of assets
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GOVERNMENT HAS been able to recoup only GH¢1.7 billion out of a total of GH¢25 billion assets belonging to banks which collapsed in 2017  under the financial sector clean-up exercise embarked upon by the Central Bank. Dr. Ernest Addison, Governor … Read more →

Staff of collapsed banks urged to take up artisanal jobs
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An entrepreneur and project manager, Kwame Sowu has advised both unemployed graduates and unemployed former staff of defunct financial institutions to move towards artisanal work and trade partnerships. His advice follows; the collapse of banks and microfinance institutions in Ghana … Read more →

Collapsed banks did not fail; they were greedy, reckless – Ken Thompson
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On August 2nd we woke up to 30 banks. When we went to bed a day before there were 34 banks. Five banks that had ‘kaput’ had now become Consolidated Bank Ghana Limited. Five had become one; UniBank, Sovereign Bank, … Read more →

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